Maria Deutscher
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Cisco completes its $28B acquisition of Splunk
Cisco Systems Inc. today completed its $28 billion purchase of Splunk, the largest acquisition in the networking giant’s four-decade history. Rumors that a takeover was on the table first emerged in early 2022. Cisco officially inked the deal about 18 months later, in September 2023, at a price of $157 per Splunk share. The all-cash ...
Samsung expected to win $6B+ in CHIPS Act funding
Samsung Electronics Co. Ltd. is reportedly poised to receive more than $6 billion from the federal government to expand its chip manufacturing infrastructure in the U.S. Bloomberg reported the development late Thursday, citing people familiar with the matter. The sources detailed that several of Samsung’s top rivals in the chip market are also set to ...
Report: Apple quietly acquired AI-powered quality assurance startup DarwinAI
Apple Inc. has reportedly acquired DarwinAI Corp., a startup with a platform for finding manufacturing faults in printed circuit boards. Bloomberg reported the deal today, citing people familiar with the matter. The sources detailed that the acquisition closed earlier this year but didn’t specify the price tag. It’s believed that several dozen DarwinAI employees joined ...
Zscaler acquires cybersecurity data processing startup Avalor for reported $350M
Zscaler Inc. has acquired Avalor Technologies Inc., a startup that helps companies analyze the vulnerability data generated by their cybersecurity tools. The companies announced the deal today. Zscaler detailed that it’s financing the acquisition, which closed on Wednesday, with a combination of cash and stock, but didn’t disclose the price tag. Globes reported that the ...
Former Treasury Secretary Steven Mnuchin assembling consortium to buy TikTok
Former U.S. Treasury Secretary Steven Mnuchin is organizing an investor consortium to buy TikTok from its parent company ByteDance Ltd. Mnuchin, who is the managing director of private equity firm Liberty Strategic Capital, detailed the effort in an interview on CNBC today. Asked whether the investor group has already been assembled, he responded, “I’m working on ...
IoT security startup Nozomi Networks closes $100M funding round
Nozomi Networks Inc., a startup that helps companies secure their factory robots and other connected devices, has raised $100 million in a late-stage funding. The software maker announced the Series E round today. It raised the capital from an investor consortium that included Mitsubishi Electric Corp. and Schneider Electric SE, two major manufacturers of industrial ...
Cerebras Systems debuts wafer-scale AI training chip with 4T transistors
Semiconductor startup Cerebras Systems Inc. today debuted a new wafer-sized chip, the WSE-3, that features 4 trillion transistors organized into nearly 1 million cores. The processor is optimized for artificial intelligence training workloads. Cerebras claims a server cluster equipped with 2048 WSE-3 chips can train Llama 2 70B, one of the most advanced open-source language ...
House of Representatives passes bill that could lead to TikTok ban or sale
The House of Representatives today passed a bill that could ban TikTok in the U.S. or lead to its separation from Beijing-based parent company ByteDance Ltd. The Protecting Americans from Foreign Adversary Controlled Applications Act, as the bill is known, was approved with a vote of 352-65. One lawmaker voted present. To go into effect, the ...
Apple eases App Store software distribution rules in the EU
Apple Inc. today announced plans to relax some of the App Store’s software distribution rules in the European Union. The move will make it easier for the company to comply with a pair of antitrust laws, the Digital Services Act and the Digital Markets Act, that EU lawmakers passed in 2022. The laws introduced new ...
Polar Signals reels in $6.8M to ease application performance analysis
Startup Polar Signals Inc. has raised $6.8 million in fresh funding for its continuous profiling platform, which helps developers reduce their applications’ hardware usage. The company announced the raise today. The investment, which comes as an extension to a $4 million seed round Polar Signals secured in 2021, included the participation of Alphabet Inc.’s GV fund, ...